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Teekay Tankers Ltd   (TNK)
Other Ticker:  
 
    Sector  Services    Industry Cruise and Shipping
   Industry Cruise and Shipping
   Sector  Services
 

Teekay Tankers Ltd's Customers Performance

TNK

 
TNK's Source of Revenues Teekay Tankers Ltd's Corporate Customers have recorded an advance in their cost of revenue by 6.98 % in the 4 quarter 2023 year on year, sequentially costs of revenue were trimmed by -1.68 %. During the corresponding time, Teekay Tankers Ltd recorded revenue increase by 28.35 % year on year, While revenue at the Teekay Tankers Ltd 's corporate clients fell by -13.39 % year on year, sequentially revenue grew by 210.09 %.

List of TNK Customers




Teekay Tankers Ltd's Customers have recorded an advance in their cost of revenue by 6.98 % in the 4 quarter 2023 year on year, sequentially costs of revenue were trimmed by -1.68 %, for the same period Teekay Tankers Ltd recorded revenue increase by 28.35 % year on year,

List of TNK Customers


   
Customers Net Income grew in Q4 by Customers Net margin grew to
84.61 % 8.53 %



Teekay Tankers Ltd's Customers, Q4 2023 Revenue Growth By Industry
Customers in Oil And Gas Production Industry -5.39 %   
Customers in Oil & Gas Integrated Operations Industry -13.63 %   
Customers in Professional Services Industry      8.67 %
     
• Customers Valuation • Customers Mgmt. Effect.


Teekay Tankers Ltd's Comment on Sales, Marketing and Customers



Demand for oil tankers is a function of several factors, including world oil demand and supply (which affect the amount of crude oil and refined products transported in tankers), and the relative locations of oil production, refining and consumption (which affects the distance over which the oil or refined products are transported).
Oil has been one of the world’s primary energy sources for a number of decades. The International Energy Agency (or IEA) estimated that oil consumption will increase from 92.5 million barrels per day (or mb/d) in 2014, to 93.6 mb/d in 2015 driven by increasing consumption in non-OECD countries. A majority of known oil reserves are located in regions far from major consuming regions, which contributes positively toward demand for oil tankers.


The distance over which crude oil or refined petroleum products is transported is determined by seaborne trading and distribution patterns, which are principally influenced by the relative advantages of the various sources of production and locations of consumption. Seaborne trading patterns are also periodically influenced by geopolitical events, such as wars, hostilities and trade embargoes that divert tankers from normal trading patterns, as well as by inter-regional oil trading activity created by oil supply and demand imbalances. Historically, the level of oil exports from the Middle East has had a strong effect on the crude tanker market due to the relatively long distance between this supply source and typical discharge points. Over the past few years, the growing economies of China and India have increased and diversified their oil imports, resulting in an overall increase in transportation distance for crude tankers. Major consumers in Asia have increased their crude import volumes from longer-haul producers, such as those in the Atlantic Basin.






Teekay Tankers Ltd's Comment on Sales, Marketing and Customers


Demand for oil tankers is a function of several factors, including world oil demand and supply (which affect the amount of crude oil and refined products transported in tankers), and the relative locations of oil production, refining and consumption (which affects the distance over which the oil or refined products are transported).
Oil has been one of the world’s primary energy sources for a number of decades. The International Energy Agency (or IEA) estimated that oil consumption will increase from 92.5 million barrels per day (or mb/d) in 2014, to 93.6 mb/d in 2015 driven by increasing consumption in non-OECD countries. A majority of known oil reserves are located in regions far from major consuming regions, which contributes positively toward demand for oil tankers.


The distance over which crude oil or refined petroleum products is transported is determined by seaborne trading and distribution patterns, which are principally influenced by the relative advantages of the various sources of production and locations of consumption. Seaborne trading patterns are also periodically influenced by geopolitical events, such as wars, hostilities and trade embargoes that divert tankers from normal trading patterns, as well as by inter-regional oil trading activity created by oil supply and demand imbalances. Historically, the level of oil exports from the Middle East has had a strong effect on the crude tanker market due to the relatively long distance between this supply source and typical discharge points. Over the past few years, the growing economies of China and India have increased and diversified their oil imports, resulting in an overall increase in transportation distance for crude tankers. Major consumers in Asia have increased their crude import volumes from longer-haul producers, such as those in the Atlantic Basin.










TNK's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Teekay Tankers Ltd 2,002.19 1,364.45 513.67 1,239
Apa Corporation 10,528.98 10,285.00 3,926.00 2,253
Devon Energy Corp 31,984.58 15,412.00 3,825.00 1,600
Eog Resources Inc 74,275.16 24,186.00 7,594.00 2,800
Broadridge Financial Solutions Inc 24,410.74 6,320.80 1,552.00 14,300
Exxon Mobil Corporation 468,008.48 344,582.00 37,354.00 63,000
Hub Group Inc 1,299.37 4,503.07 218.02 2,568
Bp Plc 666,894.85 213,032.00 15,880.00 0
SUBTOTAL 1,277,402.16 618,320.87 70,349.02 86,521


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